See Home Value
$250,000
● House - Off Market

5506 Walnut Street

Richmond, IL 60071
bedrooms
4 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
2,404 Ft²
$1,367
Est. Monthly
15.99%
Cap Rate

About This Property

Magnificent location!  Nearly 1/2 acre with mature trees backing up to a village park on the north side of Richmond.  Within walking distance to downtown Richmond's destination eateries and the celebrated Prairie Trail.  Lake Geneva and Lake Elizabeth are right up the road if you love shopping and boating.  Roof is newer within the past 5 years - the flat portion of the roof is about 10 years old.  You will love the quaint country kitchen with table space and plenty of cabinets.  Open Family Room/Kitchen.  Wonderful, sunny Living Room, separate Dining Room and 4 generously sized bedrooms.  Updated full bath and convenient half bath.  Main floor laundry in addition to basement hook ups.  Boiler heat (this is the most comfortable heat you will experience!) is only 15 years old.  Basement is perfect for storage.  This is a charming home that has been in the same family since it was built about 70 years ago.  Brand new septic system installed November 2024.
Unit Size
2,404 Ft²
Days on Market
-
Land Size
0.45 acres
Price per sqft
$103
Property Type
House
Property Taxes
$152
HOA Dues
-
Year Built
1953

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Cap Rate Calculator

Last updated: 2 years ago (MRED MLS #12110608)

Price History

Date / Event Date Event Price
Jan 10, 2025 Sold
Sold
Dec 22, 2024 In contract -
In contract
Dec 18, 2024 Relisted $247,500
Relisted
Aug 2, 2024 In contract -
In contract
Jul 28, 2024 Price Decreased $247,500
↓ $27K (10%)
Price Decreased
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Property Highlights

Parking Available

Building Info

Overview

    General

  • Year Built: 1953
  • Effective Year Built: 1953
  • Building Count: 1
  • Bedroom Count: 0
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 0
  • Exterior Walls Type: 0
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 19,602
  • Total Building Area: 2,404
  • Building Area: 2,404
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heated Square Feet: 2,404
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: ARKILLS ADDN VILL OF RICHMOND
  • Land Acres: 0000000450
  • Standard Land Use Code: 1000
  • County Land Use Code: 0040
  • Legal Description 1: DOC 1961R0388133 LT 23 ARKILLS ADDN VILL OF RICHMOND

Neighborhood

  • School District Name: Richmond-Burton Community High School District 157
  • Census Tract: 870104

Geography

  • Parcel: 04-09-251-011
  • Block: 251
  • Lot: 23
  • Municipality: RICHMOND TWP
  • Latitude: 42.4815
  • Longitude: -88.3046

    Address

  • Full Address: 5506 Walnut St
  • Address - House Number: 5506
  • Address - Street Name: Walnut
  • Address - Suffix Type: St
  • State: IL
  • City Name: Richmond
  • Carrier Code: R001
  • 4-Digit Zip Code: 9405
  • Zip Code: 60071

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $239,846
  • Tax Rate Code Area: 04001

    Appraisal Valuation

  • Standard Deviation: 0.151
  • Valuation Date: Jan 10, 2024
  • Confidence Score: 81
  • Final Value: 339,462
  • High Value: 390,727
  • Low Value: 288,197

    Market Valuation

  • Market Total Value: $177,858
  • Market Land Value: $39,198
  • Market Improvement Value: $138,660

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $59,286
  • Assessed Land Value: $13,066
  • Assessed Improvements Value: $46,220
Data used for valuation calculations is provided by RealtyHop, and other third party sources

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

About Sunset Ridge Estates


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Frequently Asked Questions

When was property at 5506 Walnut Street built and last sold?
The property at 5506 Walnut Street was built in 1953 and last sold on Jan 1, 1970 for $0.
How much is this home worth?
The estimated value of the home located at 5506 Walnut Street is $0.
What are some comparable homes to 5506 Walnut Street?
There are currently no comparable homes to 5506 Walnut Street.